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9. Portfolio Beta You own $28,000 of City Steel stock that has a beta of 3.38. You also own $41,500 of Rent-N-Co (beta = 1.83)

9. Portfolio Beta You own $28,000 of City Steel stock that has a beta of 3.38. You also own $41,500 of Rent-N-Co (beta = 1.83) and $21,300 of Lincoln Corporation (beta = -.77). What is the beta of your portfolio? 4.44 1.70 1.00 4.76

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